Brokerages Anticipate Zions Bancorporation NA (NASDAQ:ZION) Will Post Earnings of $1.09 Per Share

Wall Street analysts predict that Zions Bancorporation NA (NASDAQ:ZION) will post earnings per share of $1.09 for the current quarter, Zacks reports. Ten analysts have provided estimates for Zions Bancorporation NA’s earnings, with the lowest EPS estimate coming in at $1.03 and the highest estimate coming in at $1.12. Zions Bancorporation NA reported earnings per share of $0.89 during the same quarter last year, which suggests a positive year-over-year growth rate of 22.5%. The firm is expected to report its next earnings report after the market closes on Monday, July 22nd.

According to Zacks, analysts expect that Zions Bancorporation NA will report full year earnings of $4.43 per share for the current fiscal year, with EPS estimates ranging from $4.33 to $4.52. For the next financial year, analysts forecast that the business will report earnings of $4.66 per share, with EPS estimates ranging from $4.40 to $4.76. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Zions Bancorporation NA.

Zions Bancorporation NA (NASDAQ:ZION) last released its earnings results on Monday, April 22nd. The bank reported $1.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.01). The firm had revenue of $708.00 million during the quarter, compared to the consensus estimate of $715.64 million. Zions Bancorporation NA had a return on equity of 12.24% and a net margin of 27.58%. During the same quarter in the previous year, the firm earned $1.09 EPS.

A number of analysts recently weighed in on the company. ValuEngine downgraded Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th. Zacks Investment Research downgraded Green Plains from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 27th. Finally, JPMorgan Chase & Co. lowered their price objective on Realogy from $14.00 to $12.00 and set an “underweight” rating for the company in a research report on Thursday, April 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $54.15.

NASDAQ:ZION traded down $0.50 during mid-day trading on Friday, reaching $44.99. The stock had a trading volume of 110,834 shares, compared to its average volume of 1,624,025. The company has a 50 day moving average price of $44.83. The company has a market capitalization of $8.28 billion, a PE ratio of 11.02, a P/E/G ratio of 1.21 and a beta of 1.50. Zions Bancorporation NA has a one year low of $38.08 and a one year high of $54.76. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.17.

In other news, insider James R. Abbott sold 1,988 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $45.83, for a total transaction of $91,110.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Keith D. Maio sold 11,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $48.67, for a total value of $535,370.00. The disclosure for this sale can be found here. Insiders sold 30,100 shares of company stock valued at $1,424,658 in the last quarter. Corporate insiders own 1.70% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC increased its stake in shares of Zions Bancorporation NA by 42.1% during the first quarter. Parametric Portfolio Associates LLC now owns 1,135,427 shares of the bank’s stock valued at $51,560,000 after buying an additional 336,446 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Zions Bancorporation NA by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,869,543 shares of the bank’s stock valued at $76,166,000 after buying an additional 184,833 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Zions Bancorporation NA by 13.6% during the fourth quarter. Thrivent Financial for Lutherans now owns 4,726,342 shares of the bank’s stock valued at $192,552,000 after buying an additional 565,470 shares during the period. Sapience Investments LLC grew its stake in Zions Bancorporation NA by 13.7% in the first quarter. Sapience Investments LLC now owns 75,550 shares of the bank’s stock worth $3,431,000 after purchasing an additional 9,080 shares during the period. Finally, NumerixS Investment Technologies Inc purchased a new stake in Zions Bancorporation NA in the first quarter worth $744,000. 95.12% of the stock is currently owned by hedge funds and other institutional investors.

About Zions Bancorporation NA

Zions Bancorporation, National Association provides various banking and related services primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers community banking services, such as small and medium-sized business and corporate banking; commercial and residential development, construction, and term lending; retail banking; treasury cash management and related products and services; residential mortgage servicing and lending services; trust and wealth management services; capital markets services, including municipal finance advisory and underwriting; and investment services.

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Earnings History and Estimates for Zions Bancorporation NA (NASDAQ:ZION)

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